Section 2(14) of CGST Act: Meaning of “Authorised Bank”

Section 2(14) of CGST Act: Meaning of “Authorised Bank”

As per Section 2(14) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term “authorised bank” has been defined, as under:

Section 2(14) of CGST Act: Definition of “Authorised Bank” (CHAPTER I – PRELIMINARY)

“authorised bank” shall mean a bank or a branch of a bank authorised by the Government to collect the tax or any other amount payable under this Act.

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The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the CGST Amendment Act, 2018 itself.

Related Posts:

Central Goods and Services Tax (CGST) Act, 2017 (Chapter-wise/ Section-wise)

Section 2 of CGST Act, 2017: Definitions

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